Herbert Simon noted that managers generally fail to make rational decisions because they
are limited by their own values, skills, habits and unconscious reflexes as well as by
incomplete information. What name did Simon give this phenomenon?
a. Satisficing
b. Bounded rationality
c. Irrational decision making
d. Goal displacement
e. Means-end inversion
B
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Self-sealing laps on insulation ASJ are normally equipped with _____.
a. circumferential joints b. a two-part contact adhesive c. a release strip for the adhesive d. zip seal
The Liles are planting 860 acres in corn. They ordered 165-65-82 units of fertilizer per acre. They used 18-46-0 DAP at $710 per ton, 46-0-0 urea at $505 per ton, and 0-0-60 muriate of potash at $572 per ton to fill their order.
a. How many pounds of bulk fertilizer were ordered? b. How many tons were ordered? c. What did the fertilizer cost the Liles?
Performance records are always based on the herd.
Answer the following statement true (T) or false (F)
____________________ refers to locking onto one of two stable states.
Fill in the blank(s) with the appropriate word(s).